The extension begins in the 2011-12 season, when the Los Angeles Lakers star guard will earn $25.2 million. He'll get $27.8 million in 2012-13 and $30.5 million in his final year, 2013-14, when he turns 35.
Under his current contract, Bryant is due to earn $24.8 million next season.
Bryant also had a no-trade clause in his previous contract. If he were to agree to a trade, his extension includes a trade kicker that would trigger an additional payment to him.